What if just one change to your workplace culture could foster employee engagement, strengthen teams, and positively impact your company’s bottom line? Employee recognition is already known to improve worker satisfaction and boost retention rates, but it’s the spiral effect of frequent appreciation that makes a huge impact on business outcomes. Here’s a look at how frequent employee appreciation can cause a spiral effect.
Reinforces key behaviours
One of the most obvious spiral effects of frequent employee appreciation is its ability to help reinforce the company’s core values and key behaviours needed to drive business success. There is scientific evidence behind the notion that “what gets recognised, gets repeated.”According to an Achievers report, 92% of employees agree when they're recognised for a specific action, they're more likely to take that action again in the future.
Creating an engaging recognition programme that encourages employees to celebrate wins enables employers to direct which key behaviours to emphasise.
Strengthens relationships across teams
Employee appreciation also directly impacts your organization at the team level. It’s at the team level where employee engagement and workers’ satisfaction strengthen. The right team leader is critical to the success of any team and it was reported that team members who said they trusted their team leader were 12 times more likely to engage fully at work. Frequent employee appreciation thrives most when it comes from all directions, from top down as well as from peer to peer.
Empowers managers and leaders
Managers are often the glue that holds the business together. It’s up to your managers to foster engagement, promote company values, and reinforce the company culture within the team.
According to studies, 50% of those surveyed believe that frequent recognition helps to build trust with leaders and strengthen the worker-manager relationship. Also, 58% of employees said their manager relationship would improve with more recognition. Giving your managers and leaders a recognition tool that enables them to get visibility on all the daily wins happening across their team allows them to build trust, foster alignment, and be more effective leaders by incorporating strengths-based coaching.
Improves employee engagement
One of the spiral effects of employee appreciation that we never lose sight of is improved employee engagement. After all, recognition is the leading driver of engagement. Gallup said it best: "Simply put, engaged employees produce better business outcomes than other employees do -- across industries, company sizes and nationalities, and in good economic times and bad." Having a highly engaged workforce can lead to better retention, increased productivity, improved customer service, less absenteeism, and a more positive workplace culture.
Prioritize employee appreciation
It’s important to realize the full impact frequent employee appreciation has in the workplace. It goes well beyond improved retention and workplace satisfaction. Rather, it has a direct impact on business outcomes and team engagement.
One company that is successfully leveraging frequent employee appreciation and recognition is General Motors (GM). GM partnered with Achievers to launch the GM Recognition Program. GM achieved a 97% activation rate and 7 out of 10 employees are active in the program monthly. Recognition was also the most commented topic in the engagement survey, with more than 5,000 positive comments about the program and how employees felt more appreciated in the workplace.
Are you ready to take employee appreciation to the next level at your organisation? Get started by accessing our e-book, “The Power of Employee Appreciation: How to Make Recognition a Core Part of Business Strategy.”Download Here